Fairchild Gold (TSXV:FAIR) Debt-to-Asset : 0.10 (As of Feb. 2024)

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What is Fairchild Gold Debt-to-Asset?

Fairchild Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.05 Mil. Fairchild Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Fairchild Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$0.48 Mil. Fairchild Gold's debt to asset for the quarter that ended in Feb. 2024 was 0.10.

Fairchild Gold Debt-to-Asset Historical Data

The historical data trend for Fairchild Gold's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fairchild Gold Debt-to-Asset Chart

Fairchild Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Asset

0.04

0.25

0.01

Fairchild Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial											-	-	0.01	0.01	0.10

Competitive Comparison of Fairchild Gold's Debt-to-Asset

For the Gold subindustry, Fairchild Gold's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fairchild Gold's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fairchild Gold's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Fairchild Gold's Debt-to-Asset falls into.

Fairchild Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fairchild Gold's Debt-to-Asset for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.006	+	0)	/	0.496
	=	0.01

Fairchild Gold's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.049	+	0)	/	0.483
	=	0.10

Fairchild Gold (TSXV:FAIR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Fairchild Gold Debt-to-Asset Related Terms

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Fairchild Gold (TSXV:FAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fairchild Gold Corp (TSXV:FAIR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.fairchildgold.com

Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.

Executives

Victor Cantore

Director

Fairchild Gold (TSXV:FAIR) Headlines

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